 Indosolar IPO opens on September 13Published on Wed, Sep 08, 2010 at 12:34 | Source : Moneycontrol.com Updated at Wed, Sep 08, 2010 at 12:55 3588 Investors following Indosolar. Share this News with them.
A manufacturer of poly-crystalline solar photo-voltaic cells - Indosolar is entering capital market with a public issue of Rs 357 crore on September 13, 2010. The company has fixed a price band at Rs 29-32 per share. It manufactures poly-crystalline solar photo-voltaic (SPV) cells from silicon wafers utilizing crystalline silicon SPV cell technology for converting sunlight directly into electricity through a process known as the photo-voltaic effect. The issue will close on September 15, 2010. Issue proceeds are proposed to be used for the expansion of annual manufacturing capacity for SPV cells by adding a third line of 100 MW, (Line 3). The book running lead manager to the issue is Enam Securities Private Limited. Link Intime India Private Limited is the registrar.
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